The discussion of fraud is not typically a topic most people are anxious to discuss, especially when it comes to buying or selling a home. However, the risk of fraud should be mitigated as much as possible, and real estate professionals should be proactive instead of reactive when it comes to cybersecurity protection.
Long gone are the days when we can solely trust a name and password to keep us fully protected during sensitive transactions. One way Cybersecurity Protection™ is safeguarding participants in real estate transactions is by using two unrelated factors to authenticate someone’s identity when signing a document. This important step ensures the signer is the correct person accessing the confidential document. It’s an easy-to-use layer of protection through SMS text messaging which validates that signers are who they say they are.
See the Cybersecurity Protection for Real Estate Infographic below to see more information about the key steps in identity authentication.